FCCC/KP/CMP/2015/8/Add.1
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C. Transfer, acquisition, cancellation, retirement and carry-over
14. For the purpose of the second commitment period, paragraphs 30, 34 and 36 of the
annex to decision 13/CMP.1 shall be replaced by paragraphs 30, 34 and 36 below and
paragraphs 33 bis and 33 ter shall be inserted after paragraph 33 as follows:
30. For the purpose of the second commitment period, ERUs, CERs, AAUs and
RMUs may be transferred between registries in accordance with decisions 3/CMP.1,
9/CMP.1, 11/CMP.1 and 1/CMP.8, and may be transferred within registries.
33 bis. Each Party included in Annex I may cancel AAUs under Article 3,
paragraphs 1 ter and 1 quater, so they cannot be used in fulfilment of commitments
under Article 3, paragraph 1 bis, in accordance with paragraph 12(e) bis above, by
transferring them to the appropriate cancellation account in its national registry.
Legal entities, where authorized by the Party, may also transfer AAUs into the
cancellation account.
33 ter. Each Party included in Annex I shall cancel AAUs pursuant to Article 3,
paragraph 7 ter, in accordance with paragraph 12(e) ter above, by transferring them
to the appropriate cancellation account in its national registry.
34. For the purpose of the second commitment period, prior to the end of the
additional period for fulfilling commitments, each Party included in Annex I shall
retire ERUs, CERs, AAUs and/or RMUs valid for that commitment period for use
towards meeting its commitments under Article 3, paragraph 1 bis, in accordance
with paragraph 13 of the annex to decision 13/CMP.1 and paragraph 25 of decision
1/CMP.8 by transferring ERUs, CERs, AAUs and/or RMUs to the retirement
account for that commitment period in its national registry.
36. For the purpose of the second commitment period, each Party included in
Annex I may carry over to the subsequent commitment period, in accordance with
paragraph 15 of the annex to decision 13/CMP.1 and paragraphs 23–26 of decision
1/CMP.8, ERUs, CERs and/or AAUs held in its registry that have not been
cancelled or retired for a commitment period or that are not held in its previous
period surplus reserve account. Each ERU, CER and/or AAU carried over in this
manner shall maintain its original serial number and shall be valid in the subsequent
commitment period. ERUs, CERs, AAUs and RMUs held in the national registry of
a Party that have not been carried over in this manner or retired for the commitment
period shall be cancelled in accordance with paragraph 12(f) of the annex to decision
13/CMP.1, once the additional period for fulfilling commitments has ended.
D. Transaction procedures
15. For the purpose of the second commitment period, the following paragraph shall
replace paragraph 42 of the annex to decision 13/CMP.1:
42. Upon receipt of the record, for the second commitment period the transaction
log shall conduct an automated check to verify that there is no discrepancy:
(a) All transactions: units previously retired or cancelled; units existing in more
than one registry; units for which a previously identified discrepancy has not been
resolved; units improperly carried over or improperly transferred to previous period
surplus reserve accounts; units improperly issued, including those that infringe the
limits contained in decision 2/CMP.7; and the authorization of legal entities
involved to participate in the transaction;